Park Avenue Securities LLC Grows Stock Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Park Avenue Securities LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 26.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,692 shares of the company’s stock after acquiring an additional 13,720 shares during the period. Park Avenue Securities LLC owned approximately 0.09% of First Trust Institutional Preferred Securities and Income ETF worth $1,253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Citizens Financial Group Inc. RI purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter valued at about $8,200,000. LPL Financial LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 14.3% during the second quarter. LPL Financial LLC now owns 2,835,054 shares of the company’s stock valued at $52,080,000 after purchasing an additional 353,767 shares during the period. Cetera Investment Advisers lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 2,072.0% during the first quarter. Cetera Investment Advisers now owns 363,963 shares of the company’s stock worth $6,631,000 after purchasing an additional 347,206 shares in the last quarter. TKG Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter valued at $4,176,000. Finally, G&S Capital LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at $3,407,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

NYSEARCA:FPEI opened at $18.95 on Wednesday. The firm has a 50-day moving average of $18.79 and a two-hundred day moving average of $18.46. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $16.44 and a 1-year high of $19.11.

About First Trust Institutional Preferred Securities and Income ETF

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities.